VW and Tata have agreed to form a strategic partnership to help both companies boost economy car sales in India and emerging markets. Tata Motors, which is India’s largest vehicle company and owns Jaguar Land Rover, is also hoping to claw back domestic market share.
Category: Tata Motors
Jaguar Owner’s Investors Vote to Oust Independent Director Wadia
Shareholders of Tata Motors Ltd. voted to oust independent director Nusli Wadia from the automaker’s board, bringing the owner of Jaguar Land Rover closer to parent Tata Sons Ltd., the holding company of India’s largest conglomerate. About 71 percent of the investors who voted agreed to remove Wadia at a special shareholder meeting in Mumbai on Thursday, according to a company statement.
Ousted Tata Chairman Mistry to Take Fight to Indian Court
Cyrus Mistry, the ousted chairman of Tata Sons Ltd., said he will take his fight against his unceremonious removal as head of India’s biggest conglomerate to the nation’s courts. Mistry, who also resigned as a director in six group companies on Monday on the eve of shareholder meetings to remove him, said he’s fighting for better transparency at the $100 billion group.
Mistry Resigns From Tata Companies Amid Fight With Scion
Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., the three companies said in stock exchange filings on Monday.